Cerence: Fiscal Q4 Earnings Snapshot
By AP News
Published - Nov 21, 2024, 12:31 PM ET
Last Updated - Dec 16, 2024, 05:16 PM EST
BURLINGTON, Mass. (AP) — BURLINGTON, Mass. (AP) — Cerence Inc. (CRNC) on Thursday reported a loss of $20.4 million in its fiscal fourth quarter.
On a per-share basis, the Burlington, Massachusetts-based company said it had a loss of 49 cents. Losses, adjusted for restructuring costs and stock option expense, were 7 cents per share.
The automotive artificial intelligence developer posted revenue of $54.8 million in the period.
For the year, the company reported a loss of $588.1 million, or $14.12 per share. Revenue was reported as $331.5 million.
